VATupdate
VAT

Industry pension fund does not carry out VAT-exempt insurance transactions

On June 3, 2021, the Northern Netherlands District Court (Groningen) ruled on the VAT treatment of the administration of the pension scheme by an industry-wide pension fund (hereinafter: “Bpf”) to the employers that are affiliated with it. The court ruled that these services provided by the Bpf are not exempt from VAT because there are no insurance transactions. As a result, the services are taxed with VAT and the Bpf is entitled to deduct input tax on the costs it incurs for the implementation of the pension scheme. The court ruled in favor of the Bpf with its ruling.

Source

 

Sponsors:

VAT

Advertisements:

  • VAT
* click here if you have interesting news to share *